FXstreet.com (Buenos Aires) – While risk aversion continues to be in center stage, dollar is off daily highs, ahead of London closing bell, more likely on profit taking than anything else. Hitting the wires is Greek Conservative leader Samaras saying he is ready to tolerate a minority government, after early news showed the Left Coalition leader, Tsipras claimed bailout accord is “null and void”.
The EUR/USD extended its recovery to 1.3025 in a spike, right below immediate support set at 1.3035 by 20 SMA in the hourly chart. Pound remains as the strongest currency of the board besides the greenback, as after failing to breach weekly low at 1.6115, the pair soared in a few minutes to 1.6163. “Corrective movements after recent slides may be underway in the short term, although the overall dollar upward potential against riskier assets remains intact”, says Valeria Bednarik, FXstreet.com chief analyst.
The EUR/USD extended its recovery to 1.3025 in a spike, right below immediate support set at 1.3035 by 20 SMA in the hourly chart. Pound remains as the strongest currency of the board besides the greenback, as after failing to breach weekly low at 1.6115, the pair soared in a few minutes to 1.6163. “Corrective movements after recent slides may be underway in the short term, although the overall dollar upward potential against riskier assets remains intact”, says Valeria Bednarik, FXstreet.com chief analyst.
